Price T Rowe Associates Inc. MD lifted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 45.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,401,580 shares of the company's stock after purchasing an additional 745,686 shares during the quarter. Price T Rowe Associates Inc. MD owned 4.73% of monday.com worth $583,969,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. ASR Vermogensbeheer N.V. bought a new stake in monday.com in the 1st quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in monday.com in the 1st quarter worth approximately $25,000. Grove Bank & Trust bought a new stake in monday.com in the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. boosted its holdings in monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after acquiring an additional 52 shares during the period. Institutional investors own 73.70% of the company's stock.
monday.com Trading Up 3.3%
NASDAQ:MNDY traded up $5.89 during trading hours on Wednesday, reaching $181.80. 1,217,615 shares of the company traded hands, compared to its average volume of 917,285. The business's 50-day moving average price is $259.78 and its two-hundred day moving average price is $270.69. The stock has a market capitalization of $9.23 billion, a P/E ratio of 245.68, a P/E/G ratio of 10.54 and a beta of 1.27. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. The business had revenue of $299.01 million during the quarter, compared to analysts' expectations of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Piper Sandler dropped their target price on monday.com from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Barclays dropped their target price on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. The Goldman Sachs Group dropped their target price on monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. UBS Group dropped their target price on monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Finally, Robert W. Baird reduced their target price on monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $303.59.
Get Our Latest Analysis on monday.com
monday.com Profile
(
Free Report)
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.
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